Indians Investing In Property Abroad On a Rise

Indians Investing In Property Abroad On a Rise

By siliconindia   |   Thursday, October 25, 2012   |    1 Comments

Bangalore: Gone are the days when cash rich Indians wanted to park their money in buying villaments or luxury properties as an investment purpose. In today’s date, emerging high net worth individuals (HNIs) are more interested to expand their property investment overseas, rather than buying luxury property in the country. Over the past few months, the number of Indians who want to invest in abroad properties has increased.

However, only a selective group of investors or home buyers invest in overseas property. Besides, the emerging concept of buying property abroad has some good possibilities and investment rewards which many people are not aware of. Property pricing is another big thing that attracting HNIs to buy property abroad. For instance, “A property in Spain today proves to be far affordable than a premium apartment in places like Delhi and Mumbai,” added Suresh Rangarajan, CEO, Artha, reports Kanchana Dwarakanath of Magicbricks.

The economic depression in U.S and Europe has led Indian to invest in properties abroad due to the decline in property prices. Therefore, a cottage or old style villa in tranquil village in France, Spain or Italy would be a good option than buying a heritage home in Goa, which can be too expensive to buy.

 “Specific pockets in the  international property market offer themselves as a sound investment vehicle, irrespective of the overall economic situation – They are reasonably lucrative, stable and not volatile. Thus it makes perfect opportunity for Indians to invest their money in these properties,” added Rangarajan.

In the last few months, Indians investing in overseas property has doubled in numbers. Moreover, the main targeted buyers of such property are HNIs from Karnataka, Andhra Pradesh, Punjab, Mumbai and Gujarat.  

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